Chris Dierkes just wrote the IRS a very big check. The professional gambler pays quarterly taxes, does everything by the book, and welcomes scrutiny. But come January 2026, he’s looking at a nightmare ...

As the crisp New Hampshire fall approaches, bringing with it football season and weekend casino trips, there’s a new tax rule on the horizon that might change how you think about your next bet.

Earlier this year, NASA scientists announced that they had calculated a 2.3% chance that an asteroid known as 2024 YR4 may collide with Earth in December 2032, causing untold destruction. For most ...

It's a decent bet: Professional gamblers will become the first taxpayers ever to pay Uncle Sam for unrealized or "phantom" income in 2026. Processing Content That's because, barring changes to the One ...

I am a professional gambler and fill out a Schedule C for the business. Is it true that in 2026 according to the One Big Beautiful Bill I will only be able to deduct 90 percent of my wagers? So if I ...

Ripple effects mean a gambling tax provision in the One Big Beautiful Bill Act will damage not just professional gamblers but the larger Nevada economy. (Photo by Ethan Miller/Getty Images) A ...

The Trump administration’s signature spending package contains a little-known provision which could radically upend the gambling industry. Previously, gamblers could deduct all their losses from their ...

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. The One Big Beautiful Bill Act of 2025 was signed into law on July 4. While many ...

An overwhelming majority of surveyed Americans age 21-plus were not positively or negatively swayed by celebrity endorsements ...